Zillow Group, Inc. $Z Shares Sold by Eminence Capital LP

Eminence Capital LP lessened its stake in Zillow Group, Inc. (NASDAQ:Z) by 37.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,497,015 shares of the financial services provider’s stock after selling 1,481,716 shares during the quarter. Zillow Group accounts for approximately 2.3% of Eminence Capital LP’s portfolio, making the stock its 17th biggest position. Eminence Capital LP owned approximately 1.03% of Zillow Group worth $192,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rakuten Investment Management Inc. purchased a new position in Zillow Group in the third quarter worth approximately $2,919,000. Y Intercept Hong Kong Ltd increased its position in shares of Zillow Group by 63.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock valued at $6,565,000 after purchasing an additional 32,975 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Zillow Group during the third quarter worth $18,141,000. Finally, WT Wealth Management acquired a new stake in shares of Zillow Group during the 3rd quarter worth about $1,458,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the transaction, the chief financial officer directly owned 57,487 shares in the company, valued at approximately $2,513,906.51. This trade represents a 11.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 5,361 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the transaction, the insider directly owned 41,080 shares in the company, valued at approximately $1,805,466. The trade was a 11.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 60,801 shares of company stock worth $2,683,986 in the last ninety days. Company insiders own 25.03% of the company’s stock.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $42.90 on Friday. The company has a market capitalization of $10.29 billion, a P/E ratio of 476.72, a PEG ratio of 2.40 and a beta of 2.10. Zillow Group, Inc. has a 1 year low of $41.13 and a 1 year high of $93.88. The company’s fifty day moving average is $55.37 and its two-hundred day moving average is $68.48.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Z has been the subject of a number of research analyst reports. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Mizuho cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.60.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.